Member Info for Punter64

'The message we are giving people is if you think you are going to get this on the cheap forget it we will put it into production ourselves'. Sounds to me that so far the offers are too low.

Simms I'm not convinced myself. It strikes me that MC felt the need to talk about plan B and a 30k oz pa mill funded by Big Jim because so far the non-binding offers are not high enough. Time will tell.

Having listened to the interview I certainly wouldn't agree that MC was downbeat, he was the same as usual. My conclusion is that the four non-binding offers are clearly too low and are not acceptable to Jim at this stage. The chances are that the other five companies under NDAs are not going to put in an offer otherwise they probably would already have done so. So, the question is - will one of the low ball offers be increased to an acceptable level or will the US company new to the proceedings end up putting an acceptable offer in? We can only hope so. It is sensible to prepare a plan B to show that we can't be cucumbered but the reality is if we take down the for sale sign like we did last time the sp will fall through the floor. You pays your money and you takes your chance!!

25p here we come by the look of things.

Agreed, but can he announce such things under NDAs?

Good post DDD. The trouble with going it alone with a build is the massive dilution, particularly as the sp will tank if Onion announces No Sale (like the last time he tried to sell). We have to hope that a decent offer is made but the longer this drags on for the less likely that is IMO. I'm very surprised that we haven't had a binding offer by now but maybe those companies that have done site visits etc don't agree with Onion's valuation.

Yeah JT it looks like 25p or lower - no volume, no interest. Onion has done a good job of taking the wind out of our sails here. All of his usual advocates have gone silent/disappeared too, lol

It wouldn't surprise me if this drops back a bit now after Onion's latest update. It seems that we have some low ball offers in but not much more at this point - hence his need to talk about Big Jim financing a small mill. I notice that a lot of Onion's email buddies have been quiet of late?!

It is what you call 'being onioned'. You don't expect to be able to sell these do you when the price is falling?

Great to see Mr £240/490 hard at it again this morning . He is slowly building up quite a holding but I'm not sure I understand the constant small buys?! Evraz are you fully loaded up here again? ;-)

Mr £240 has now doubled his buy price to £490

Hahaha, really Evraz? Who are you kidding..

Not sure what he is up to but probably just wants to wind old Evraz up after he sold out ;-)

Great to see Mr £240 straight down to business again this morning

Good to see the £240 buyer still doing the business!

Agreed ISA and I am looking forward to hearing what MC has to say for himself

Lets hope when the news breaks we see a nice yellow/golden onion. We don't want a red onion (embarrassed) or a white onion (fright)! We also need an update soon because the longer this drags on the less likely a bid is happening if you ask me.

Why is it stupid, hahahaa?

HUM still making a massive profit at $1800 so who cares?

Oh dear someone sold out his small holding expecting this to fall but has been caught out by the rise hahahaha